🔥 It's heating up between Canada and the U.S.! On Saturday, Canadian Prime Minister Justin Trudeau announced that Canada will impose 25% tariffs on C$155 billion (that's about $106.5 billion USD) worth of American goods. 🇨🇦🆚🇺🇸
Starting Tuesday, C$30 billion in tariffs will kick in, with the remaining C$125 billion rolling out in 21 days. This bold move comes after U.S. President Donald Trump signed an executive order slapping 25% tariffs on all goods from Canada and Mexico, starting the same day. The only exception? Canadian energy products will face a 10% duty instead. 🛢️
Trudeau didn't mince words, warning that the upcoming weeks would be tough for Canadians and could also sting Americans. He pointed out that these tariffs might hike prices for everyday items like groceries and gas. ⛽🍎
The Canadian leader outlined that the tariffs will hit U.S. products like beer, wine, bourbon, fruits, and fruit juices—yes, including that Florida orange juice! 🍊🥤 Other items on the list? Clothing, sports gear, and home appliances. 🏀👕🧺
But that's not all! Canada is also eyeing non-tariff measures related to critical minerals, energy procurement, and other partnerships. 🌐
Trudeau rallied Canadians to support local by buying Canadian-made products and vacationing within the country instead of heading south. \"We didn't ask for this, but we will not back down,\" he emphasized. 💪🍁
Buckle up, folks! This trade tussle is just getting started, and it's bound to shake things up on both sides of the border. Stay tuned! 🌎🚧
Reference(s):
Trudeau announces 25 percent tariffs in response to Trump order
cgtn.com
